Algorhythm Q2 EPS Lifted by Litchfield Hills Research

Algorhythm Holdings, Inc. (NASDAQ:RIME) – Equities research analysts at Litchfield Hills Research boosted their Q2 2026 earnings per share estimates for shares of Algorhythm in a research note issued on Tuesday, June 2nd. Litchfield Hills Research analyst T. O’neill now anticipates that the company will earn ($0.36) per share for the quarter, up from their previous forecast of ($0.79). The consensus estimate for Algorhythm’s current full-year earnings is ($3.05) per share. Litchfield Hills Research also issued estimates for Algorhythm’s Q3 2026 earnings at ($0.36) EPS, Q4 2026 earnings at ($0.35) EPS, FY2026 earnings at ($1.55) EPS, Q1 2027 earnings at ($0.35) EPS, Q2 2027 earnings at ($0.31) EPS, Q3 2027 earnings at ($0.23) EPS, Q4 2027 earnings at ($0.18) EPS and FY2027 earnings at ($1.07) EPS.

Several other brokerages also recently commented on RIME. Wall Street Zen upgraded Algorhythm from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Algorhythm in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Algorhythm has a consensus rating of “Reduce”.

Algorhythm Trading Up 6.0%

Shares of RIME opened at $0.73 on Friday. The business’s fifty day simple moving average is $0.92 and its two-hundred day simple moving average is $1.24. Algorhythm has a 12 month low of $0.54 and a 12 month high of $4.58. The company has a market cap of $11.30 million, a price-to-earnings ratio of -0.50 and a beta of -0.27.

Algorhythm (NASDAQ:RIME) last issued its earnings results on Wednesday, April 1st. The company reported ($1.97) EPS for the quarter. The business had revenue of $1.37 million during the quarter.

Algorhythm Company Profile

Algorhythm Holdings, Inc, together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; connected vehicle karaoke devices; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware.